Wedge
Two converging trendlines that both slope in the same direction — the Rising Wedge is bearish, the Falling Wedge is bullish.
A Wedge is a consolidation or continuation structure where both boundary trendlines slope in the same direction but converge. The key distinguishing feature from triangles (which have one flat boundary) is that both lines move in the same direction.
A Rising Wedge (both lines slope up) is bearish — it signals weakening momentum within an upward move. A Falling Wedge (both lines slope down) is bullish — it signals fading selling pressure.
- Wedges can be reversal patterns (at trend extremes) or continuation patterns (during counter-trend corrections).
Related Terms
Ascending Triangle
A coiling pattern with a flat upper resistance line and rising lower trendline, typically resolving in a bullish breakout.
BeginnerFalling Wedge
Two converging downward-sloping trendlines where the upper line falls faster — a bullish pattern indicating downside momentum is fading.
IntermediatePennant
A pole followed by a small symmetrical triangle — a tight continuation coil that resolves in the direction of the prior thrust.
BeginnerRising Wedge
Two converging upward-sloping trendlines where the lower line rises faster — a bearish pattern signalling that upside momentum is exhausting.
Intermediate